Real Estate News on Business Daily

State Farm has released its financial results for 2024, highlighting significant developments across its various insurance and financial services operations.

State Farm General Insurance Company has requested the California Department of Insurance to approve interim rate increases, including a 22% average for homeowners.

State Farm has announced its efforts to support California customers affected by recent wildfires.

State Farm has awarded Illinois State University a $3 million grant.

State Farm has expressed its concern for those affected by Hurricanes Helene and Milton, emphasizing the safety of individuals in impacted areas.

The State Farm Mutual Automobile Insurance Company has announced the election of Kenneth J. Worzel as the Non-Executive Chair of its Board of Directors.

State Farm has announced new initiatives to enhance its investment in women's sports, focusing on basketball.

As temperatures plummet, the risk of frozen water pipes becomes a concern for households in both cold and milder climates.

According to the National Fire Protection Association (NFPA), Thanksgiving Day sees more home cooking fires in the United States than any other day of the year.

A recent report from Boston Consulting Group (BCG) announced the tokenized property market is projected to reach $3.2 trillion by 2030.

A September 17 report from Norada predicted a significant rise in home sales for 2025, with estimates suggesting that 5.4 million homes could be sold, marking a notable increase from the 2024 projections.

A new law in California, Senate Bill 1107, mandates an increase in the minimum limits of motor vehicle liability insurance coverage. This change affects private passenger autos, commercial businesses, and recreational vehicles. The law will be implemented starting January 1, 2025.

State Farm has responded to the devastation caused by Hurricanes Helene and Milton, prioritizing the safety of those affected. The company has mobilized agents and employees to assist customers and communities impacted by the storms.

State Farm has announced its readiness to assist customers affected by Hurricane Milton. The insurance company emphasizes its commitment to supporting policyholders during challenging times, offering guidance and assistance beyond standard coverage.

State Farm, a prominent insurer in California since 1928, is navigating the state's challenging insurance market. The company supports California's Sustainable Insurance Strategy and efforts by the California Department of Insurance (CDI) to implement it.

State Farm has announced the recipients of its Good Neighbor Firefighter Safety Program grants, awarding $1 million to 100 volunteer fire departments. Each department will receive a $10,000 grant to purchase equipment aimed at enhancing safety, communications, and operations. Volunteer firefighters constitute over 65% of all firefighters in the United States and are crucial in protecting communities, particularly in small towns and rural areas.

State Farm has reported receiving approximately 96,300 claims following the impact of Hurricane Helene across 14 states. The claims predominantly involve auto damage due to flooding and rising waters, as well as homeowner claims related to wind damage. Georgia, South Carolina, Florida, and North Carolina have the highest number of claims.

Data released by State Farm indicates that the odds of U.S. drivers hitting an animal this year are 1 in 128, a slight decrease from last year's 1 in 127. State Farm, the largest car insurer in the U.S., estimates over 1.8 million auto insurance claims involving animal collisions were filed across the industry from July 1, 2023, to June 30, 2024.